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Beginning in 2000, Campbell engineered a transformation of the company that included a company-wide restructuring program to increase the efficiency of operations; the consolidation of several manufacturing facilities; outsourcing of non-core production; and careful attention to product development
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In 1998, Campbell was appointed chief executive officer. Campbell believed in the “core business” model, and divested from Avco
Financial Services. With this complete, Campbell began the development of a new strategic framework for Textron aimed at creating new operational efficiencies and sharing
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Under the new model, Textron today functions as what it calls a “networked enterprise.” Departing from the old model of a holding company that simply acquires businesses and leaves their operations unchanged, the networked enterprise provides key points of contact to facilitate the operation of
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In the midst of some of the company's most difficult changes, shareholders watched
Textron's stock price fall to a disappointing $ 26 in March 2003, then climb back to an all-time high in the first half of 2006 as the benefits of the transformation finally took hold.
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While CEO of
Textron in 2008, Lewis B. Campbell earned a total compensation of $ 9,833,127, which included a base salary of $ 1,100,000, a cash bonus of $ 617,980, stocks granted of $ 5,314,507, and options granted of $ 2,149,798.
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strong, unique brands. This means that while Bell
Helicopter and E-Z-GO serve very different markets with distinct brands and customer bases, they share many of the same business infrastructure resources such as
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principles, not only to
Textron's manufacturing operations, but also to the company's transactional processes and other enterprise-wide functions, provided a consistent approach to operational efficiency.
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in 1968. After graduation, he began his career at the Inland
Manufacturing Division of General Motors in Dayton, Ohio as a Product Engineer for Ice Cube Trays.
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On
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on August 27, 2012, Campbell was named interim Chief
Executive Officer and Chairman of the truck and engine manufacturer.
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across the company to determine whether each was appropriate for the
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54:Campbell’s Transformation of Textron
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114:abruptly retired as Chairman and
159:"About Textron: Company History"
18:Lewis Campbell (disambiguation)
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190:. Retrieved
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164:March 18,
72:Six Sigma
65:portfolio
398:Products
291:Ransomes
281:Jacobsen
142:Archived
502:Textron
454:Related
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235:Textron
40:Textron
372:People
308:Cessna
110:After
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194:2019
166:2011
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